Post by
autofocus111 on May 26, 2023 9:56pm
NILSY export market shift
NILSY percentage of Ni exports to Europe and Asia regions has basically switched places. With less Russian Ni making it into Europe, it's likely that Sherritt is filling part of that gap in Europe. Has S ever provided a breakdown of sales to different regions? I don't recall seeing that in their presentations.
>>>MMC Norilsk Nickel PJSC, Russia’s biggest miner, now earns almost half of its revenue in Asia while sales in Europe tumble, further evidence of a shift in global commodity flows amid the country’s war in Ukraine...In the first three months of 2023, Asia accounted for 45% of the company’s revenue, while Europe — traditionally its largest market — fell to 24%, it said in a presentation. The figures were 31% and 47% respectively last year, when the miner had annual contracts that were signed before Russia’s invasion.
https://finance.yahoo.com/news/russian-miner-nornickel-now-earns-160547513.html
Comment by
CommonCents123 on May 27, 2023 11:10am
Nothing specific but investor relations provided some info. As to where they sell. Check my post here: May 25, 2023 8:31pm 123 Views Post# 35464959 Sherritt Investor Relations